---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-123143"
form_type: "8-K"
ticker: "VSAT"
cik: "0000797721"
company_name: "VIASAT INC"
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-21T00:51:22.813955+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Viasat reports Q4 net loss $246M, includes $169M impairment; FY2025 revenue record $4.5B

## Summary
- Q4 FY2025 revenue $1.1B flat YoY; net loss $246M vs $90M loss a year ago, driven by $169M impairment on ViaSat-3 EMEA ground network.
- FY2025 record revenue $4.5B, record Adj EBITDA $1.55B, net loss $575M improved YoY. Operating cash flow $908M.
- FY2026 guidance: low single-digit revenue growth, flattish Adj EBITDA, capex ~$1.3B, positive free cash flow in H2.
- Satellite roadmap: VS-3 F2 to ship summer 2025, commercial ops early CY2026. Telesat LEO agreement signed.
- Subsequent to year-end, redeemed $442.6M senior notes due 2025; repurchased $359M in FY2025.

## SEC filing metadata
- accession: 0001193125-25-123143
- form_type: 8-K
- ticker: VSAT
- cik: 0000797721
- company_name: VIASAT INC
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797721/000119312525123143/0001193125-25-123143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797721/000119312525123143/d944611d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-123143
- JSON: https://secwatch.observer/filing/0001193125-25-123143.json
- Plain text: https://secwatch.observer/filing/0001193125-25-123143.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.